U.S. job openings fall to 8.8 million in July - JOLTS report
dropped to their lowest level in more than two years in July, but remain relatively elevated, potentially prompting Federal Reserve officials to keep interest rates higher for longer to help loosen a tight labor market.
Highlighting the resilient market conditions, layoffs were little changed at 1.6 million during the month, suggesting that employers are continuing to hold on to workers following troubles finding labor during the pandemic. According to data from the Bureau of Labor Statistics, the number of quits dropped by 253,000 to 3.5M, a signal that employees may be becoming slightly less confident in their ability to quickly switch jobs in an uncertain economic environment. Over time, this trend could weigh on wage growth and, by extension,A total of 8.8M job openings were recorded on the last business day of July, according to the Job Openings and Labor Turnover Survey, or JOLTS report.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Dow futures largely flat; JOLTS data in spotlight By Investing.comDow futures largely flat; JOLTS data in spotlight
Weiterlesen »
Australia retail sales rise more than expected in July By Investing.comAustralia retail sales rise more than expected in July
Weiterlesen »
3M Settles Lawsuits, Stock Surges: Is Now the Right Time to Buy?Stocks Analysis by Investing.com (Günay Caymaz) covering: 3M Company, 3M Co, 3M Co DRC, 3M Co BDR. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Weiterlesen »
Will US JOLTS Job Openings fall again as markets expect?The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday, August 29, by the US Bureau of Labor Statistics (BLS). The publication
Weiterlesen »
US Dollar faces first piece of jobs data with JOLTSThe US Dollar (USD) was not making big waves at the start of the week on Monday. With the United Kingdom closed for a bank holiday, the typically lowe
Weiterlesen »
US job openings to decline to a below-consensus 9.3 million in JulyAnalysts at TD Securities note that the JOLTS Job Openings report for July should garner attention given the importance the Federal Reserve has placed
Weiterlesen »